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External sector: every series

59 series5 groups

What comes in from the world, and what goes out?

Every dollar a tourist spends comes in; every shipment of food or fuel sends dollars out. The keeps that account. Here too: debts owed abroad and the rufiyaa’s .

Foreign-currency reserves

The central bank’s stock of dollars and other reserve assets.

The foreign currency and other reserve assets held by the central bank, in US dollars. Reserves pay for imports and foreign debt in a crisis. Short-term net drains are payments already committed within a year, so headline reserves overstate what is freely usable.

MMA calls this: Official reserves

Foreign-currency reserves
SeriesLatestPeriodvs a year ago
Official reserve assetsUS$547.8mSep 2026Sep 2026Down 36.3%
Foreign currency reservesUS$532.6mSep 2026Sep 2026Down 37.5%
IMF reserve positionUS$6.5mSep 2026Sep 2026Down 0.8%
SDRsUS$308,886Sep 2026Sep 2026Down 24.8%
GoldUS$8.4mSep 2026Sep 2026—
Other reserve assetsUS$0Sep 2026Sep 2026—
Other foreign currency assetsUS$149mSep 2026Sep 2026Up 27.7%
Predetermined short-term net drains−US$527mSep 2026Sep 2026Up US$254.8 million

Goods bought and sold abroad

Goods imported and exported each month. Tourism is a service, so it is not here.

Goods exported and imported each month, in US dollars, with imports broken down by type. The country imports far more goods than it exports; the gap is paid for mainly by tourism, which is a service and is not counted here.

MMA calls this: Merchandise trade

Goods bought and sold abroad
SeriesLatestPeriodvs a year ago
Export of goodsUS$41.3mAug 2026Aug 2026Up 42.1%
Domestic exportsUS$8.8mAug 2026Aug 2026Down 8.8%
Re-exportsUS$32.5mAug 2026Aug 2026Up 67.5%
Import of goodsUS$419.3mAug 2026Aug 2026Up 32.5%
Import of food itemsUS$73.6mAug 2026Aug 2026Up 7.7%
Import of furniture, fixtures and fittingsUS$15.2mAug 2026Aug 2026Up 23.5%
Import of electronic and electrical appliancesUS$4.8mAug 2026Aug 2026Up 19.1%
Import of petroleum productsUS$125.4mAug 2026Aug 2026Up 108.8%
Import of transport equipments and partsUS$19.7mAug 2026Aug 2026Down 40.8%
Import of wood, metal, cement and aggregatesUS$45.5mAug 2026Aug 2026Up 29.8%
Import of machinery, mechanical appliances and partsUS$33.1mAug 2026Aug 2026Up 60.3%
Import of electrical, electronic machinery, equipments and partsUS$29.4mAug 2026Aug 2026Up 99.8%
Import of other itemsUS$72.6mAug 2026Aug 2026Up 6.6%

The country’s account with the world

All money in and out each year: trade, tourism, income, transfers, loans.

The full annual account of transactions with the rest of the world. The current account adds trade in goods and services to income and transfers; a deficit has to be financed by investment, borrowing or drawing on reserves, which the financial account records.

MMA calls this: Balance of payments

The country’s account with the world
SeriesLatestPeriodvs a year ago
Current account balance−US$476.2m20252025Up US$777.4 million
Balance on goods and servicesUS$949.7m20252025Up US$877.4 million
Balance on primary income−US$772.7m20252025Down US$21.6 million
Balance on secondary income−US$653.3m20252025Down US$78.3 million
Balance on goods−US$2.96bn20252025Up US$121.2 million
Balance on servicesUS$3.91bn20252025Up 24%
Export of goodsUS$443.7m20252025Up 15.9%
Import of goodsUS$3.4bn20252025Down 1.7%
Export of servicesUS$5.8bn20252025Up 15.2%
Import of servicesUS$1.89bn20252025Up 0.6%
Capital account balanceUS$020252025—
Financial account (excluding reserve and related items)−US$954.4m20252025Up US$255.2 million
Direct investment−US$857.1m20252025Down US$50.9 million
Portfolio investmentUS$24.1m20252025Up US$20.2 million
Other investment−US$121.4m20252025Up US$285.9 million
Net errors and omissions−US$167.9m20252025Down US$296.3 million
Overall balanceUS$310.2m20252025Up US$225.9 million
Reserve and related itemsUS$310.2m20252025Up US$225.9 million
Export of goods and serviceUS$6.24bn20252025Up 15.3%
Current account balance in percent of GDP−6.15%20252025Up 11.69 percentage points

Debt owed abroad

What the government and banks owe foreign lenders, and the repayments due.

What the government, the borrowers it guarantees and the banks owe to foreign creditors, and what the government pays each period in principal and interest. Debt service is the call on foreign currency that reserves and export earnings have to meet.

MMA calls this: External debt

Debt owed abroad
SeriesLatestPeriodvs a year ago
Total external debt outstandingUS$3.96bnQ2 2026Q2 2026Down 9.8%
Central government and publicly guaranteed external debtUS$3.59bnQ2 2026Q2 2026Down 11.2%
Other depository corporationsUS$365mQ2 2026Q2 2026Up 6.7%
Total external debt outstanding in percent of GDP49.05%Q2 2026Q2 2026Down 7.67 percentage points
Disbursements of central government external debtUS$92mQ2 2026Q2 2026Up 205.2%
Debt service of central government external debtUS$542.7mQ2 2026Q2 2026Up 1,187.1%
Principal repayments of central government external debtUS$509.2mQ2 2026Q2 2026Up 5,096.8%
Interest payments on central government external debtUS$33.5mQ2 2026Q2 2026Up 3.5%
Debt service ratio of central government5.51%20252025Up 1.34 percentage points

Exchange rates

How many rufiyaa buy a dollar, euro, pound, rupee or yuan.

Rufiyaa per unit of each foreign currency. The US dollar rate is held almost fixed, so movements against other currencies mostly reflect how those currencies move against the dollar.

Exchange rates
SeriesLatestPeriodvs a year ago
United States dollar———
MVR per USD (average)MVR 15.42Sep 2026Sep 2026Unchanged
EuroMVR 18.07Sep 2026Sep 2026Down 3.3%
Great Britain poundMVR 21.66Sep 2026Sep 2026Down 1.5%
Indian rupeeMVR 0.17Sep 2026Sep 2026Down 9.8%
Chinese yuanMVR 2.28Sep 2026Sep 2026Up 6.3%
Singapore dollarMVR 12.83Sep 2026Sep 2026Up 1%
Japanese yenMVR 0.1Sep 2026Sep 2026Down 5.1%
MVR per SDRMVR 20.97Sep 2026Sep 2026Down 0.8%